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Huazhong In-Vehicle Holdings Co (HKSE:06830) Inventory-to-Revenue : 0.46 (As of Dec. 2023)


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What is Huazhong In-Vehicle Holdings Co Inventory-to-Revenue?

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Huazhong In-Vehicle Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$497 Mil. Huazhong In-Vehicle Holdings Co's Revenue for the six months ended in Dec. 2023 was HK$1,078 Mil. Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Jun. 2023 (0.50) to Jun. 2023 (0.46)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huazhong In-Vehicle Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 117.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. Huazhong In-Vehicle Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.55.


Huazhong In-Vehicle Holdings Co Inventory-to-Revenue Historical Data

The historical data trend for Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Huazhong In-Vehicle Holdings Co Inventory-to-Revenue Chart

Huazhong In-Vehicle Holdings Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.18 0.16 0.16 0.20 0.24

Huazhong In-Vehicle Holdings Co Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.32 0.46 0.35 0.50 0.46

Competitive Comparison of Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue

For the Auto Parts subindustry, Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue falls into.



Huazhong In-Vehicle Holdings Co Inventory-to-Revenue Calculation

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (466.956 + 508.1) / 2 ) / 2024.269
=487.528 / 2024.269
=0.24

Huazhong In-Vehicle Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (Q: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Revenue (Q: Dec. 2023 )
=( (485.39 + 508.1) / 2 ) / 1078.302
=496.745 / 1078.302
=0.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Huazhong In-Vehicle Holdings Co  (HKSE:06830) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Huazhong In-Vehicle Holdings Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=496.745/772.163*365 / 2
=117.41

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Huazhong In-Vehicle Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=772.163 / 496.745
=1.55

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Huazhong In-Vehicle Holdings Co Inventory-to-Revenue Related Terms

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Huazhong In-Vehicle Holdings Co (HKSE:06830) Business Description

Traded in Other Exchanges
N/A
Address
Number 104 Zhenan Road, Xiangshan County, Zhejiang Province, Xizhou, CHN
Huazhong In-Vehicle Holdings Co Ltd is an investment holding company, which acts as a supplier of automobile body parts. The business activity of the group includes manufacturing and sale of decorative and structural automobile parts, molds and tooling, casing, and the liquid tank of air conditioning or heater units and other non-automobile products. Geographically it operates through the region of China and derives revenue from the sale of automobile body parts.
Executives
Zhou Minfeng 2101 Beneficial owner
Chen Chun'er 2202 Interest of your spouse
Huayou Holdings Company Limited 2101 Beneficial owner

Huazhong In-Vehicle Holdings Co (HKSE:06830) Headlines

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